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What is the current size and annual growth rate of the iot sensors market?
The IoT sensors market size has grown exponentially in recent years. It will grow from $12.21 billion in 2024 to $15.62 billion in 2025 at a compound annual growth rate (CAGR) of 28.0%. The growth in the historic period can be attributed to connectivity advancements, data analytics and big data, cost reduction, smart cities and infrastructure, industrial iot (iiot).
The IoT sensors market size is expected to see rapid growth in the next few years. It will grow to $32.34 billion in 2029 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to 5g connectivity, edge computing, ai and machine learning, security and privacy, energy harvesting. Major trends in the forecast period include miniaturization, multi-sensor integration, iot sensor ecosystems, environmental and sustainability monitoring, healthcare and wearable sensors.
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Which major factors have contributed to the expansion of the iot sensors market?
The application of IoT in automotive and transport sectors is a key factor driving the growth of the IoT sensors market. The introduction of IoT in the automotive industry has opened up new opportunities for carmakers and consumers worldwide. With industrial and commercial use, IoT has become a popular hotspot for varied multifunctional applications in the automotive sector. IoT offers enhanced communication, control, and data delivery at any transportation point. For instance, the companies like Mercedes-Benz, Volkswagen, Volvo, Toyota and Google Inc. are increasingly investing in developing smart cars with rich features that offer healthier, more convenient and more enjoyable driving experiences. The driverless vehicles are likely to dominate the industry by 2030 according to NASDAQ estimates. Therefore, the application of IoT in automotive and transport industries is expected to drive the growth of the IoT sensors market.
How is the iot sensors market segmented?
The IoT sensors market covered in this report is segmented –
1) By Product Type: Temperature sensors, Pressure sensors, Humidity sensors, Flow sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial sensors, Image sensors, Other Product Types
2) By Application: Building Automation, Industrial Application, Automotive Application, Healthcare Application, Retailing And Logistics Application, Security Application, Agriculture Application, Other Applications
3) By End-user Industry: Healthcare, Automotive and Transportation, Manufacturing / Industrial, Other End-Users
Subsegments:
1) By Temperature Sensors: Thermocouples, RTDs (Resistance Temperature Detectors), Thermistors, Infrared Sensors, Bimetallic Sensors
2) By Pressure Sensors: Piezoresistive Pressure Sensors, Capacitive Pressure Sensors, Strain Gauge Pressure Sensors, Optical Pressure Sensors, Resonant Pressure Sensors
3) By Humidity Sensors: Capacitive Humidity Sensors, Resistive Humidity Sensors, Thermal Conductivity Humidity Sensors, Gravimetric Humidity Sensors
4) By Flow Sensors: Electromagnetic Flow Meters, Ultrasonic Flow Meters, Thermal Mass Flow Meters, Coriolis Flow Meters, Differential Pressure Flow Meters
5) By Accelerometers: MEMS Accelerometers, Piezoelectric Accelerometers, Capacitive Accelerometers
6) By Magnetometers: Hall Effect Magnetometers, Anisotropic Magnetoresistive (AMR) Magnetometers, Giant Magnetoresistive (GMR) Magnetometers
7) By Gyroscopes: MEMS Gyroscopes, Fiber Optic Gyroscopes, Ring Laser Gyroscopes, Mechanical Gyroscopes
8) By Inertial Sensors: Inertial Measurement Units (IMUs), Microelectromechanical Systems (MEMS) Sensors, Fiber Optic Gyroscopes
9) By Image Sensors: CMOS Image Sensors, CCD Image Sensors, Infrared Image Sensors
10) By Other Product Types: Gas Sensors, Proximity Sensors, Light Sensors, pH Sensors, Soil Moisture Sensors
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Who are the top competitors in the iot sensors market?
Major companies operating in the IoT sensors market include Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Honeywell, Sensata Technologies, Broadcom, Bosch Sensortec, Analog Devices, Siemens, General Electric, Robert Bosch GmbH, Monnit, Murata Manufacturing, Sensirion, Silicon Laboratories, Asea Brown Boveri Limited, Schneider Electric SE, Qualcomm Technologies, Inc., International Business Machines, CANON MEDICAL SYSTEMS CORPORATION, Skyworks Solution Inc., Sierra Wireless, Moxa Inc, SmartThings, Libelium, Infineon Technologies, Parametric Technology Corporation, Intel, Omron, Cisco, Oracle, MongoDB, GE Digital, ARM IoT Security Company, Vention, Altoros, Oxagile, Innowise Group, Style Lab IoT Software Company, HQ Software Industrial IoT Company, ScienceSoft, DICEUS, Huawei
How will evolving trends contribute to the growth of the iot sensors market?
Major companies operating in the IoT sensors market are developing XENSIV sensors to enhance precision, efficiency, and intelligence in IoT applications. XENSIV sensors are designed to offer high accuracy, power efficiency, and scalable functionality, addressing key requirements in smart homes, industrial automation, and automotive sectors. For instance, in November 2022, Infineon Technologies, a Germany-based semiconductor manufacturing company, launched XENSIV-connected sensor kit. This platform combines various sensors, microcontrollers, and secure connectivity to streamline the development process for hardware and software engineers. The CSK utilizes Infineon’s XENSIV sensors along with the PSoC 6 microcontroller and offers features such as quick data visualization and compatibility with popular cloud services like AWS IoT Core. It includes environmental sensor variants for measuring carbon dioxide levels and presence detection capabilities, making it suitable for smart home applications.
What are the key regional dynamics of the iot sensors market, and which region leads in market share?
Asia-Pacific was the largest region in the IoT sensors market in 2023. North America was the second-largest region in the IoT sensors market. The regions covered in the iot sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The IoT Sensors Market Report 2025 Offer?
The iot sensors market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
IoT sensors refer to devices that collect data from the physical environment and transmit it to the Internet of Things (IoT) networks for analysis and monitoring. These sensors can measure various parameters, such as temperature, humidity, light, motion, and pressure. By providing real-time data, IoT sensors enable improved decision-making, automation, and efficiency in various systems and processes.
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